Member Info for snige

Fleccy,
Lloyds had a good year and there was no question of corporate failure if it had paid full RPI to protect its employees.
Along with the derisory dividend(although not too bad at a SP of 43p) it's just another indication the bank see's bad times ahead.
Any other reasons?

fleccy,
So it's ok for business to increase its prices and margins
"Companies generally expect to increase their selling prices strongly in the near term, following the sharp rises in their costs, with many reporting confidence that they will be able to rebuild at least some of their margins" but not alright for living people to protect themselves,"Because the BOE has instructed businesses to limit pay rises, for fear of a wage/price inflationary spiral".
What a twisted mind you have when a corporate being has priority over a living being.

If Lloyds is only prepared to offer the majority of its staff a 3% pay rise when inflation will be running at 10% what chance for the rest.
https://accord-myunion.org/blog/lbg-publish-2022-pay-proposals
The bank of England thinks we'll have a "SHARP slowdown in demand growth" over the next 3 years,why would Lloyds a highly profitable business not be able to compensate its staff during these difficult times-higher impairment charges?
https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/may-2022

Today marked when the truth finally came out on the UK economy-it isn't strong.
Bailey was between a rock and a hard place,if he had raised rates aggressively more business/people would have been in trouble but at least he could have milked the banks on higher NIM,yet not enough and the £ would fall 2% with higher import costs draining cash out the country.
LTI said earlier " Cable rate does have a bit of influence",more than a bit i would say.The £ fell against most currencies even the Rwandan franc,5% against the Russian ruble.

If they don't want to stop inflation and devaluation of the debt, they will go for a .25% increase.

One thing the Americans got wrong with sanctions is with oil up at $107 a barrel if Russia offers a discount which is probably true why would a country turn it down and make their people suffer.
What America should do is match the Russian price but would the U.S tax payer pay or U.S oil companies.
The market has the Ruble at 68 to the dollar so the money men know which way it is heading,has Boris got it wrong again with Russia must fail?

"The absolute horror of having the Opposition taking over the reigns of this country is enough for most to hold their noses."
Instead of imagination you should deal with reality.
We've had the worst of Brexits,the worst of fake pandemics and instead of initially condemning Russia and sitting on the fence(probable Corbyn's policy) we have chosen the losing side,ending up with the lowest growth in the G7 next year.
No wonder Lloyds is struggling.

Have to say being sent to Rwanda must be a deterrent and will save lives in the channel but why not use the West Falklands,an overseas UK territory where candidates could adapt to our temperate climate and build useful infrastructure.
If however you believe in deterrents fixed penalty fines don't deter the wealthy when £50 is equivalent to 5p so perhaps Boris should be on the first plane out.
Calling someone a socialist-does it really matter.

"I read the other day that if a pig had a blue rosette pinned to it then it would get the Tory vote "
If they can make you put a foreign flag on your house,invite Ukrainian strangers in when they could have evacuated to safe areas within their own country (like British WW2 evacuation policy) and make you bang saucepans at 8pm on a Thursday night then putting a cross in the wrong place must be a doddle.

Back in 2019 some said Lloyds would be beyond the 80's when brexit was done and dusted.
Well, brexit has been done and dusted,inflation supposedly running at 7% and with interest rates due to rise to 2% you would think Lloyds would be over a £1 yet are still in the 40's.
I don't see sending 4000 NLAW anti tank missiles to Ukraine or Brent crude at 2014 price of $110 as being in a state of war, so are you now saying this conservative government has mismanaged the economy,you cannot have both.

It's not about the money,it's about where your heart lies whether it's India or Britain.
A good example of a spouse related to a person in high public office would be that of Prince Albert and Queen Victoria.
"The two married on 10 February 1840 at the Chapel Royal in St James's Palace, just after Albert had been made a UK citizen. Public and parliamentary opinion was initially strongly against the marriage, and parliament refused him a British peerage and granted him a much smaller allowance than previous consorts."
You can't get away with it,too many currently in Government (like rats) would flee a sinking UK ship.

My main concern is why would Mrs.Sunak not want to become a British citizen when her spouse holds high public office.
What is wrong with this country?

Looking at the last share buy back which was suspended in September 2019,£1.15 billion was spent removing by year end 923 million shares(Asperger1 figures,total voting rights).
The average price per share is well over a pound and you could argue if you are only interested in net results a poor investment which was approved by shareholders.
3 years has now passed and yet to break even,could history repeat itself

So UK government gives the people money to make the very thing we don't want more affordable instead of insulating before winter the housing stock that needs it.
It reminds me of our local council closing a main road on safety grounds to protect 2 workers and sending thousands of people on a 12 mile detour incorporating 6 dangerous junctions-both complete madness .

"Trying to dampen demand/wage increases (not above inflation) is the key in the near term"
Back in the 70/80's we use to give the unions a hard time for above inflation wage demands and rightly so.
This time big business is pushing prices beyond the official inflation rate,shouldn't the media treat them equally and shame those products with little energy content.
A bag of sharp sand up 25% in two steps since Dec at Wickes for example.

According to LTI the only way to make money on Lloyds is to get redundancy,self isolate in a darkened room,experience sleepless nights,open hundreds of spread bets on small margins closing early as you're not really confident SP will rise further,then leave all the proceeds to next ungrateful generation as you have nothing better to do.

If they are lying about inflation running at 6.2% the country will face greater problems when non-essential business folds.
Just been into our local discount Aldi store and the price of Ginger nuts(my favourite dunker) have gradually risen from 25p in Dec to 36p today,a rise of 44%.
How many will accept 44% rise and ultimately spend less on non-essential?

When a country faces off against a stronger economic or military power the probability of coming of worse are high,Russia has accepted the economic consequences and Ukraine the military.
So whether you're a sore loser or just a loser brexit and Ukraine do have something in common.

So it;s ok to pay indexed linked gilts 8.2% RPI on part of the £83 billion interest bill but not £4 billion to your own pensioners.
Something not quite right here.

It's a failure of government not to house its people at affordable prices and against our freedom of choice unless you feel freedom of choice is only for the few.